Tesla has had a huge impact on the world under the leadership of Elon Musk. South Korea‘s Imported passenger car market this year. According to industry data released Wednesday, the top three best-selling brands on the market are: BMW, Mercedes-BenzAudi.
Tesla’s rise in the market gained momentum in September with the launch of the Shanghai-made Model Y, a medium-sized SUV that was priced significantly lower than its U.S. counterpart. The electric car company entered the South Korean market in June 2017, initially delivering the Model S 90D, and expanding its products to the flagship sedan Model S, the flagship SUV Model X, and the rear-wheel drive SUV. It has expanded to the Model Y. Currently, Tesla operates his 1,007 stands at his 147 Supercharger stations in South Korea.
The Shanghai-made Model Y is expected to continue to drive Tesla’s sales growth due to competitive pricing and growing demand for emissions-free vehicles. From January to November, Tesla sold 15,439 cars, outpacing Volvo Cars and Lexus, securing the fourth place.
Meanwhile, German car brands maintained a strong presence in the Korean market, accounting for 71% of total imported car sales, with a total of 173,579 units sold in the 11-month period. BMW topped the list with 69,546 units sold, followed by Mercedes-Benz with 68,156 units and Audi with 16,650 units.
Japanese brands such as Honda, Toyota and Lexus saw sales rebound this year after facing weak demand due to trade tensions between Seoul and Tokyo in 2019. The dispute caused Korean consumers to avoid Japanese cars, mainly due to South Korean export controls. The main material imposed by Japan.
Tesla’s rise in the market gained momentum in September with the launch of the Shanghai-made Model Y, a medium-sized SUV that was priced significantly lower than its U.S. counterpart. The electric car company entered the South Korean market in June 2017, initially delivering the Model S 90D, and expanding its products to the flagship sedan Model S, the flagship SUV Model X, and the rear-wheel drive SUV. It has expanded to the Model Y. Currently, Tesla operates his 1,007 stands at his 147 Supercharger stations in South Korea.
The Shanghai-made Model Y is expected to continue to drive Tesla’s sales growth due to competitive pricing and growing demand for emissions-free vehicles. From January to November, Tesla sold 15,439 cars, outpacing Volvo Cars and Lexus, securing the fourth place.
Meanwhile, German car brands maintained a strong presence in the Korean market, accounting for 71% of total imported car sales, with a total of 173,579 units sold in the 11-month period. BMW topped the list with 69,546 units sold, followed by Mercedes-Benz with 68,156 units and Audi with 16,650 units.
Japanese brands such as Honda, Toyota and Lexus saw sales rebound this year after facing weak demand due to trade tensions between Seoul and Tokyo in 2019. The dispute caused Korean consumers to avoid Japanese cars, mainly due to South Korean export controls. The main material imposed by Japan.